XRP Price Jumps 1.5% as Institutional Holdings Hit $11.5B After Reliance Global’s $17M Investment

The XRP price has jumped 1.5% in the last 24 hours, to trade at $2.84, on a 24% surge in the daily trading volume, to $4.53 billion.

This comes as Corporate XRP holdings surge past $11.5 billion, marking a new milestone in institutional adoption. This comes after Nasdaq-listed Reliance Global Group confirmed a $17 million XRP purchase as part of its diversified digital asset strategy.

CEO Ezra Beyman highlighted XRP’s speed, scalability, and low energy use as key reasons for its inclusion alongside Bitcoin, Ethereum, and Cardano.

XRP, now the fourth-largest cryptocurrency, continues to attract corporate interest globally. Japan’s Gumi Inc. plans to allocate $13.5 million of its recent $38 million capital raise to XRP through its DAT initiative, while VivoPower raised $19 million to expand its XRP treasury.

According to Crypto Treasury Tracker, Japan’s SBI Holdings leads with $10.4 billion in XRP holdings, followed by Trident Digital and Webus International. Trident has outlined a $500 million expansion plan for its XRP treasury, while Webus detailed a $300 million XRP strategy in a recent SEC filing.

XRP Price Retests Support as Bulls Target $4

The XRP price is holding near the $2.8 level after a small drop of 1.6% in the last 24 hours. Despite this pullback, traders believe XRP could soon make a bullish move if it stays above key support.

The chart shows XRP forming a falling wedge pattern, which often signals a trend reversal. The price pulled back after a false breakout in September but has now retested the lower trendline near $2.8. This level is acting as strong support, and buyers are trying to push the price back up.

If XRP breaks above the $3.2 resistance, it could trigger a strong rally toward the $3.8 to $4.0 range. This would confirm the bullish reversal pattern and suggest the next uptrend is starting. The RSI is around 48, showing neutral momentum, meaning the price has room to rise if demand increases.

XRPUSDT Analysis. Source: Tradingview

The support zone between $2.5 and $2.7 has held firm since mid-year. Buyers have repeatedly stepped in at this level, preventing deeper drops. If this area continues to hold, XRP could soon make a strong recovery.

However, if the price falls below $2.5, it may signal weakness and cause a deeper correction before another move up. Traders are watching closely for a daily close above $3, which could confirm bullish strength.

In short, XRP is at a key turning point. Holding above $2.8 could lead to a breakout toward $4, while losing that level may delay the recovery. The coming days will likely decide whether XRP’s next big move is up or down.